Investor Alert!!! Rehab to resell or rent for positive cashflow!! Nice size colonial with lots of potential. Features 3 bedrooms, 1 bath, Oil Heating (oil tank above ground). Public Water and Public Sewer. Property will need updating throughout to flip for a nice profit or about $15k to get rent ready. Property can rent for about $1,000 – $1,100 per month with taxes of only $2,913.
Gross Income – $12,000
Taxes – $2,913
Insurance – $700
5% Vacancy – $600
NOI – $7,787
ROI – 24.33%
Comps:
239 Thomson Ave Sold for $129,500 on 05/13/16
(391 sqft more, .5 baths more, bigger lot)
637 N. Delaware St Sold for $95,000 on 12/23/15
(437 Sqft more, .5 baths more bigger lot)
CALL OR TEXT JOHN JARAMILLO
FOR MORE INFO AT
732-630-2627
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL John at 732-630-2627. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.